2013-03-14T08:50:02-05:00 2012-09-30 Kundinger Corder & Engle PC 475 Lincoln Street Suite 200 Denver CO 80203 990 2011-10-01 846038240 Denver Art Museum DENV 7209130022 100 West 14th Avenue Parkway Denver CO 802042788 Christoph Heinrich 7209130022 2013-03-14 1 Laurie Anderson P01416697 3035345953 2013-03-14 2011 2016-02-25 16:41:14Z Christoph Heinrich 100 West 14th Avenue Parkway Denver CO 802042788 49715335 0 X www.denverartmuseum.org X 1897 CO See Schedule OThe primary mission of the Denver Art Museum is to enrich the lives of present and future generations through the acquisition, presentation, and preservation of works of art, supported by exemplary scholarship and public programs related both to its permanent collections and to temporary exhibitions presented by the Museum. 32 32 376 500 0 0 24438329 43143584 1762779 3641686 93705 56667 1376778 1541234 27671591 48383171 0 0 0 0 10321545 10266591 0 0 1674845 16363957 18620072 26685502 28886663 986089 19496508 33525034 44507611 7160627 4962535 26364407 39545076 X See description for Part I, Line 1 on Schedule O. 0 0 13192510 0 3598849 Exhibitions and Collections - See Schedule OExhibitions and Collections: Each year, the Denver Art Museum (DAM) presents a wide range of world-class exhibitions that provide a variety of experiences with art, attracting more than 600,000 visitors annually. Two themes guided the DAM's 2012 program: celebrating individual artists who have made an extraordinary impact and igniting creativity in the community through programs that provide engaging and interactive experiences with art.The first major exhibition of the artist's work in the United States, Xu Beihong: Pioneer of Modern Chinese Painting provided a unique opportunity to share the work of a Chinese national treasure with visitors. The DAM's own stunning collection of Chinese textiles further highlighted China's rich artistic legacy in the accompanying exhibition Threads of Heaven. In the works on paper gallery, Scapes showcases drawings by 16 artists exploring the landscapes, seascapes, even skyscapes and dreamscapes that occupy our imagination. The Photography Department presented Garry Winogrand: Women are Beautiful, a selection of nearly 50 photographs from the museum's permanent collection culled from the hundreds that Garry Winogrand took of women on the street.The March 25, 2012 opening of Yves Saint Laurent: The Retrospective kicked-off a dynamic five-year exhibition program anchored by high-profile, general interest 'beacon exhibitions.' The exhibition featured more than 200 outfits, taking visitors on a journey through the designer's 40 years of creativity. Inspired by Yves Saint Laurent, Fashion Studio let visitors try their hand at fashion-related activities and watch some of Denver's own fashion designers at work. Read My Pins: The Madeleine Albright Collection debuted in April with its own intriguing look at the power of design through Former Secretary of State Madeleine Albright's pins, used to make political statements to her counterparts around the globe. And, Colorado design was celebrated in three summer exhibitions: Now Boarding: Fentress Airports + The Architecture of Flight, Design Lab: Three Studios, and Open for Design: A DAM Community Challenge. In 2012, the Western American Art galleries featured the work of two exceptional contemporary artists with Ed Ruscha: On the Road and Theodore Waddell's Abstract Angus. These exhibitions represent two individual artistic responses to the inspiration of the west. Opened in September, El Anatsui: When I Last Wrote To You About Africa has brought together the full spectrum of work by this acclaimed artist. A native of Ghana and resident of Nigeria, Anatsui gained international attention a dozen years ago for his dazzling metal wall sculptures created from thousands of found Nigerian liquor-bottle tops. 6443031 0 0 Premises and Buildings - See Schedule OPremises & Buildings: These costs include all of the expenditures associated with the day-to-day operations of the Museum's facilities. Exhibition and permanent galleries displayed a variety of artwork for the public's enjoyment. The galleries, auditoriums, and other Museum spaces enabled volunteer and others to conduct frequent educational programs. The premises and buildings gave ample space for enriching the lives of people, for which the Museum had been internationally recognized. 1645753 0 157532 Education Programs - See Schedule OEducation Programs: The Museum is committed to making art meaningful and enjoyable to people of all ages and backgrounds through its programs, exhibitions and installed galleries. The Museum's education department is a pioneer in the field of museum education, and is well-regarded internationally for its innovative approach to program development. Programs include:In-Gallery Installations: The Museum's in-gallery interpretive installations provide visitors with a variety of ways to explore temporary exhibitions and permanent collections on their own. Discovery libraries, Hot Spot and Create Stations in-gallery activities, art-making, writing and response activities, gallery games for kids and families, browsing areas, and more deepen visitors' experiences with art. DAM staff also host 25-30 visits a year from national and international colleagues wanting to experience our approaches to in-gallery interpretation. Family Programs: The DAM is committed to being a truly family-friendly institution. The Museum's approach is two-pronged: 1) offer programs and activities at "peak family times" (weekends and school breaks); and 2) integrate family materials into installations, exhibitions, and public spaces so there is always something for families to do together. Family activities are always available and included with the cost of general admission. Family Backpacks (kid-sized packs filled with games and learning materials for families to use on their own in the galleries) and Art Tubes (artists' tubes filled with a creative art making project) can be checked out on weekends and school breaks. Discovery Library costume areas, eye spy and other gallery games, as well as the Just for Fun Family Center (a collection and exhibition-based hands-on activity area) and the Kids Corner (a do-it yourself art project space) are always available. Create Playdates! targets 3-5 year olds and their families, helping grown-ups explore the museum with young children through storytelling and art making opportunities. And The Studio is a dedicated workshop for hands-on projects and artist demonstrations inspired by themes found in exhibitions. In 2012, The Paint Studio accompanies paintings exhibitions including Becoming Van Gogh. Adult and College Programs: The DAM offers a wide range of opportunities for adults to discover, explore and make personal connections to collections and exhibitions. Programs range from tours, studio classes, and art history courses to Art and Wine Pairings, Conversation Lounges, and Insider Moments in the galleries. The DAM's Untitled series engages young adults with art and creativity through unconventional, often unexpected encounters with art the last Friday of the month. Online programs complement existing onsite offerings and incorporate participatory creative experiences that attract and engage younger adults for whom participation and technology are extremely important. College students from universities throughout the region participate in internship programs that provide insight into museum professions, and work directly with visitors through our Hot Spot program, a series of in-gallery stations with touchable materials that reach an average of 12,000 people each year.School and Teacher Programs: The hallmark of DAM's school tour program is our interactive touring approach. Our introductory all-Museum tours, Perception Games and Imagination Games, have been featured at several national conferences, as have the touchable materials and activities we've developed for our culture and architecture based tours. Around 50,000 students visit the museum each year to explore topics related to visual arts, social studies and language arts curricula. Creativity Resource, the Museum's online resource for teachers, uses the creativity of artists to inspire creativity in teachers and students and provides downloadable art images, information, lesson plans and multi-media resources, and curated blogs on cultural and creativity topics. The DAM provides professional development for teachers on-site and on-line through workshops, webinars, and in-services custom-designed to meet the needs of individual school districts.Community Partnerships: The education department is involved in several strategic collaborations designed to encourage museum visitation by a broader audience. Emphasis is on introducing non-visiting families to the museum. Current collaborations include work with the Mayor's Office for Education and Children, the Denver Public Library's learning and language branches, Assets for Colorado Youth, and several other local community and social service organizations. Community access tours given by specially trained community and Spanish language guides provide these groups with introductory tours of the museum stressing comfort and awareness of the Museum and all that it has to offer. Other accessibility programs include Art & About tours for individuals with Alzheimer's and early dementia and their care givers, accessibility options for visitors with special needs, and more. Overall, education programs both onsite and online served more than 350,000 people in 2012. 521938 0 956079 Other Program Services: included in this caption are the activities associated with the gift shop, restaurant and other facilities designed to enhance the visitor's overall Museum experience. 521938 956079 21803232 1 1 0 0 0 0 0 1 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 214 0 1 376 1 0 0 0 0 0 1 1 0 0 0 0 X 32 32 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Curtis Woitte CFO 7209130022 100 West 14th Avenue Parkway Denver CO 802042788 X Frederic C Hamilton 1.00 X X 0 0 0 Charles P Gallagher 1.00 X X 0 0 0 J Landis Martin 1.00 X X 0 0 0 Robert S Rich 1.00 X X 0 0 0 William Armstrong 1.00 X 0 0 0 Jana Bartlit 1.00 X 0 0 0 Nancy Lake Benson 1.00 X 0 0 0 Michael Duncan 1.00 X 0 0 0 B Grady Durham 1.00 X 0 0 0 Suzanne Farver 1.00 X 0 0 0 Nancy Leprino Henry 1.00 X 0 0 0 Arlene Hirschfeld 1.00 X 0 0 0 James A Holmes 1.00 X 0 0 0 Thomas W Honig 1.00 X 0 0 0 Sarah A Hunt 1.00 X 0 0 0 Mariner Kemper 1.00 X 0 0 0 Kent Logan 1.00 X 0 0 0 Richard D McCormick 1.00 X 0 0 0 John Morgridge 1.00 X 0 0 0 Wayne W Murdy 1.00 X 0 0 0 Trygve E Myhren 1.00 X 0 0 0 Roger Parker 1.00 X 0 0 0 Kathryn A Paul 1.00 X 0 0 0 William B Pauls 1.00 X 0 0 0 Thomas A Petrie 1.00 X 0 0 0 Craig Ponzio 1.00 X 0 0 0 Scott Reiman 1.00 X 0 0 0 Richard L Robinson 1.00 X 0 0 0 John J Sie 1.00 X 0 0 0 Richard M Weil 1.00 X 0 0 0 James F Williams II 1.00 X 0 0 0 Cathey McClain Finlon 40.00 X X 39940 0 3717 Christoph Heinrich 40.00 X 222655 0 26258 Curtis Woitte 40.00 X 106815 0 18517 Richard Rutledge 32.00 X 123615 0 10300 Melora McDermott-Lewis 40.00 X 100986 0 29880 Arpie Chucovich 40.00 X 108956 0 18876 Nancy Blomberg 40.00 X 121246 0 18441 Margaret Young-Sanchez 40.00 X 119379 0 24656 Timothy Standring 40.00 X 108300 0 24441 Lewis Sharp 0.00 X 0 914627 0 1051892 914627 175086 8 1 1 0 Snell & Wilmer LLP 1200 17th St Suite 1900 Denver CO 80202 Legal Services 125125 1 2696382 1274649 4463524 8130593 26578436 6880625 43143584 Admissions & Prog Fees 900099 3484154 3484154 Education 900099 157532 157532 3641686 42816 42816 495313 90672 404641 404641 404641 13851 0 13851 13851 13851 315696 1274649 315696 0 1881875 925796 956079 956079 Miscellaneous Revenue 900099 90695 90695 Parking 900099 65819 65819 Sale of Art Proceeds 900099 24000 24000 180514 48383171 4712460 0 527127 X 577716 203384 253720 120612 9688875 6982849 2083650 622376 114151 114151 79400 79400 5815 5815 936154 559464 340281 36409 1047583 1047583 1279165 554859 695392 28914 1551672 1483587 68085 145381 114654 30086 641 10974 10974 1059401 1040332 13935 5134 Exhibitions 5036548 5036548 Distributions to DAMF 2787678 2787678 Education Programs 623705 623705 Consult. & Assistance 615009 310438 294351 10220 3327436 2094760 382137 850539 28886663 21803232 5408586 1674845 2360630 1521773 734701 3357910 6599458 14084429 92006 240408 375959 298657 333914 445302 742574 1389930 43505550 28824413 14542236 14681137 7069976 7271325 415201 939888 258379 276852 33525034 44507611 1667827 2095910 525205 740336 1088522 206289 3879073 1920000 7160627 4962535 X 18881550 21753433 6855227 17092116 627630 699527 26364407 39545076 33525034 44507611 X 19496508 -6315839 X X 0 1 1 X 0 X 23613667 19568421 19278018 18303730 36749961 117513797 5779588 5231956 5272005 5614882 5893243 27791674 623616 598831 265634 519717 500380 2508178 30016871 25399208 24815657 24438329 43143584 147813649 328807 147484842 785313 253218 506770 552420 538129 2635850 212515 109134 320326 324968 315696 1282639 151732138 29386234 0.97200 0.95480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 4600000 4600000 37130328 27341628 9788700 1775222 1482785 292437 14681137 Note Payable to Denver Art Museum Foundation 1920000 1920000 48383171 28886663 19496508 64405 -6380244 -6315839 13180669 42547839 64405 419651 484056 42063783 5815 6313573 6319388 48383171 25548391 419651 90672 510323 25038068 5815 3842780 3848595 28886663 Part III, Line 1a: The Museum's collections, which were acquired through purchases and contributions, are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in unrestricted net assets in the year in which the items are acquired. Contributed collection items are not reflected on the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes. Museum policies require that such proceeds be used only to acquire additional art objects. All of the Museum's collection items are held for educational, research, exhibition, and curatorial purposes. Each of these collection items is cataloged, preserved, and cared for, and activities verifying their existence and assessing their condition are performed continuously. Part III, Line 4: The Denver Art Museum is dedicated to the collection, preservation, and presentation of art for broadly diverse audiences. With approximately 70,000 works of art in its care, the Museum holds the largest and most comprehensive collection of world art between Kansas City and the West. The Museum is an accessible, quality destination, welcoming over 600,000 visitors annually. The Museum is committed to its role as a cultural resource providing shared experiences of art and culture to the Rocky Mountain region and beyond. Collections are organized into nine curatorial departments: architecture, design & graphics; Asian art; modern and contemporary art; native arts; new world; painting and sculpture; textile arts; western American art; and photography. The Denver Art Museum strives to enrich the lives of present and future generations through the acquisition, presentation and preservation of works of art. The collections further the organization's exempt purpose by providing the sustenance necessary to educate visitors about the past, present and future, and inspire life-long learning. Part XI, Line 8 - Other Adjustments: Gifts of Art -6,380,244. Part XII, Line 4b - Other Adjustments: Gifts of Art 6,380,245. Rental Expense -90,672. Art Proceeds 24,000. Part XIII, Line 2d - Other Adjustments: Rental Expense 90,672. Part XIII, Line 4b - Other Adjustments: Transfers to DAMF 2,787,678. Acquistions of Art 1,055,102. Collectors Choice 767276 617734 149542 55650 18150 75742 DAM Uncorked 633957 514141 119816 70623 4525 44668 3 189112 142774 46338 23486 700 22152 1590345 1274649 315696 149759 23375 142562 315696 0 X 1 1 X X 0 1 0 0 0 0 0 0 0 Christoph Heinrich 222655 0 0 0 0 0 6750 0 19508 0 248913 0 0 0 Lewis Sharp 0 914627 0 0 0 0 0 0 0 0 0 914627 0 0 Part I, Line 4b Lewis Sharp, former Director of the Denver Art Museum (the Museum), was paid a lump sum by the Denver Art Museum Foundation (the Foundation), upon his retirement from the Museum in calendar year 2011. The lump sum was distributed to Mr. Sharp and reported by the Foundation on a 2011 Form W-2. The fund was established in 1996 and held at the Foundation for investment purposes. 1400000 CHFA Series 2006 Tax Exempt Revenue Bonds 840676451 248995AA0 2006-02-28 1400000 Finance cost of security system & bond issuance costs 0 0 0 1400000 36969 1363031 2006 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 X 591 6380245 FMV X City indirect 1 500380 Reported by donor 10 0 1 0 Form 990, Part VI, Section A, line 6 The Denver Art Museum has over 28,500 members who approve the slate of directors nominated by the Board of Trustees at the annual general membership meeting. Form 990, Part VI, Section A, line 7a Denver Art Museum members approve the slate of directors as nominated by the Board of Trustees. Form 990, Part VI, Section B, line 11 The IRS Form 990 is completed annually and a copy is provided to the Museum's Board Secretary for review. The Chief Financial Officer provides the Form 990 to the Museum Board's Finance/Audit Committee Chair for review. The Museum's CFO discusses any questions or concerns with the Secretary and the Finance/Audit Committee Chair and necessary changes are updated on the Form 990. Once the CFO is in agreement with the Secretary and the Finance/Audit Committee Chair regarding the finished Form 990, it is signed and dated by the Director and submitted to the IRS by the filing deadline. A copy is made available to all Museum Board Trustees prior to filing with the IRS. Form 990, Part VI, Section B, line 12c The Museum's Conflict of Interest Policy is designed to protect the Museum by defining what is a conflict of interest or potential conflict of interest and providing procedures to identify and address conflicts of interest and potential conflicts of interest. Museum trustees, members of committees with delegated powers from the Board of Trustees, officers (Chairman, Vice Chairman, Secretary, Treasurer), and specific employees including the Museum Director, President, Executive Assistant to Director, Deputy Director - Operations, CFO, Chief Curator, Curator, Assistant or Associate Curator, Department Director, or Department Associate Director (all "Interested Persons") are all covered under the policy. On an annual basis, each Interested Person must complete a "Disclosure and Compliance" form. This form requests information concerning all actual or potential conflicts of interest involving Interested Persons, their immediate family members and certain entities in which they or their immediate family members have an interest. As new trustees join the Board, new committee members are appointed, new officers are elected, or new employees who are covered under the policy are appointed (if those individuals are not already Interested Persons by reason of holding another of these positions) such individuals are also required to complete the "Disclosure and Compliance" form. In case of an actual or potential conflict of interest, the Museum uses a process at the Executive Committee level to investigate actual or potential conflicts of interest. Following disclosure of an actual or potential conflict, the person or persons involved with the conflict are not permitted to participate in any discussions relevant to determining if a conflict of interest exists. They may, however, be counted in determining the presence of a quorum at a meeting of the Executive Committee at which a conflict is being reviewed and may make a presentation to the Executive Committee to disclose the conflict and answer questions relevant thereto, but must leave the meeting during the discussion of and vote on whether the transaction or arrangement at issue resulted in a conflict of interest. If a conflict does exist, the Policy dictates ensuing steps, including investigating alternatives to the proposed transaction or arrangement and appropriate disciplinary and corrective action. The Museum maintains records concerning investigations of actual and potential conflicts of interest. Form 990, Part VI, Section B, line 15 The Museum's procedures for determining executive compensation include reviewing comparability data, monitoring the competitive market place, and approval by the executive comittee of the Board of Trustees. Determining the compensation for the Museum's other officers and key employees follows the Museum's compensation policies and practices. This includes reviewing comparability data, considering the competitive market place, and the review and approval by the Museum's executive management. Form 990, Part VI, Section C, line 19 The Museum makes its governing documents, conflict of interest policy and financial statements available to the public upon reasonable request. Form 990, Part VII, Line 1a Lewis Sharp, former Director of the Denver Art Museum (the Museum), was paid a lump sum by the Denver Art Museum Foundation (the Foundation), upon his retirement from the Museum in calendar year 2011. The lump sum was distributed to Mr. Sharp and reported by the Foundation on a 2011 Form W-2. The fund was established in 1996 and held at the Foundation for investment purposes. All Other Functional Expenses Form 990, Part X, line 24e Support Group/Volunteer Council: Program service expenses 0. Management and general expenses 0. Fundraising expenses 556,759. Total expenses 556,759. Contract Salaries and Wages: Program service expenses 528,452. Management and general expenses 0. Fundraising expenses 0. Total expenses 528,452. Gift Shop, Restaurant, and Facilities: Program service expenses 521,942. Management and general expenses 0. Fundraising expenses 0. Total expenses 521,942. Repairs and Maintenance: Program service expenses 465,341. Management and general expenses 0. Fundraising expenses 0. Total expenses 465,341. Marketing/Vis. Services: Program service expenses 301,924. Management and general expenses 42,614. Fundraising expenses 0. Total expenses 344,538. Fundraising: Program service expenses 0. Management and general expenses 0. Fundraising expenses 293,780. Total expenses 293,780. Equipment Rental and Maintenance: Program service expenses 82,632. Management and general expenses 155,797. Fundraising expenses 0. Total expenses 238,429. Activity Support: Program service expenses 109,276. Management and general expenses 0. Fundraising expenses 0. Total expenses 109,276. Entertainment: Program service expenses 32,149. Management and general expenses 54,111. Fundraising expenses 0. Total expenses 86,260. Membership: Program service expenses 0. Management and general expenses 64,776. Fundraising expenses 0. Total expenses 64,776. Volunteer Expense: Program service expenses 38,247. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,247. Miscellaneous: Program service expenses 1,409. Management and general expenses 29,087. Fundraising expenses 0. Total expenses 30,496. Recruiting Fees: Program service expenses 0. Management and general expenses 30,378. Fundraising expenses 0. Total expenses 30,378. Library Additions: Program service expenses 13,388. Management and general expenses 482. Fundraising expenses 0. Total expenses 13,870. Trustee Expense: Program service expenses 0. Management and general expenses 4,892. Fundraising expenses 0. Total expenses 4,892. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized gains on investments: 64,405. Gifts of Art -6,380,244. Total to Form 990, Part XI, Line 5: -6,315,839. Part XI, Line 2c The audit committee meets annually with the independent CPA firm to review the results of the current audit and internal control recommendations, if any. The audit committee also assumes the annual responsibility of approving the selection of the audit firm. There have been no changes in these processes from the prior year. Denver Art Museum Holdings LLC 100 West 14th Parkway Denver CO 80204 846038240 Hold Real Estate CO 1618875 N/A 1240-1250 Bannock Street LLC 100 West 14th Parkway Denver CO 80204 846038240 Hold Real Estate CO 0 N/A H-Street Properties LLC 100 West 14th Parkway Denver CO 80204 846038240 Hold Real Estate CO 0 N/A DAM Office LLC 100 West 14th Parkway Denver CO 80204 846038240 Hold Real Estate CO 489800 N/A Denver Art Museum Foundation 742496760 Support the activities of the Denver Art Museum CO 501(c)(3) 509(a)(1) N/A 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0